Silver continuing to hold above $40 at noon EDT.

Silver continuing to hold above $40 at noon EDT.

by Trader Dan
Silver punched through $40 overnight in Asian trade and held its gains going into London and into New York. That is quite remarkable given the fact that runs toward round numbers can engender profit taking as price targets are reached. If it holds its gains above $40, it could begin accelerating towards $50 relatively quickly. I will want to see how it fares as it nears the close of pit session trading. 

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This entry was posted in Dan Norcini, Silver, Technical Analysis, Trader Dan's Market Views. Bookmark the permalink.

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